Tata Technologies Share Price Live Updates: Stock ends at ₹1,327, over 165% premium to IPO price

Shivani Nyati, Head of Wealth, Swastika Investmart Ltd said, ‘’The listing of Tata Technologies is a positive development for the company and the engineering services sector. Investors who participated in the IPO should consider holding on to their shares for the long term, as the company is well-positioned for sustained growth.\’\’

Shares of Tata Technologies made a strong debut on the bourses today, November 30, 2023. The stock ended listing day at ₹1,327 on NSE, a 165.4 percent premium to IPO price of ₹500 and at ₹1,326.25 on BSE, a 165.25 percent premium.

It has listed at ₹1,200 on NSE and BSE, a premium of 140 percent to the IPO price of ₹500 and hit a intra-day high of ₹1,400 (180 percent premium). Tata Group\’s first initial public offering (IPO) in almost 20 years was subscribed over 69 times by the final day of bidding. D-Street analysts expect a blockbuster listing and project Tata Technologies shares to list at over 75 percent premium against its issue price of ₹500 per equity share today.

Tata Technologies, part of the Tata Group, is a pure-play manufacturing-focused ER&D company primarily focused on the automotive industry, and it is currently engaged with seven out of the top 10 automotive ER&D spenders and five out of the 10 prominent new energy ER&D spenders in 2022.

It has deep domain expertise in the automotive industry and leverages this expertise to serve its clients in adjacent industries, such as aerospace, transportation, and construction heavy machinery (TCHM). 

Its primary business line is services, which includes providing outsourced engineering services and digital transformation services to global manufacturing clients, helping them conceive, design, develop, and deliver better products.

Tata Technologies, Gandhar Oil Refinery India and Fedbank Financial Services shares marked their stock market debut on November 30, each witnessing notable premiums upon listing. While Tata Technologies shares more than doubled investors\’ money upon listing, Gandhar Oil shares were also listed at a hefty premium of 76.33%. Fedbank Financial Services shares also gained momentum and traded higher after making a tepid debut. The ₹3,042.51 crore worth Tata Technologies IPO was the first IPO listing from the Tata Group in nearly two decades. The IPO received strong response from investors and was subscribed by a staggering 69.43 times. Read more

Arun Kejriwal, Founder at Kejriwal Research and Investment Services said, \”Those who applied for listing gain only, they should book profit and exit. But, those who want to take advantage of posti-listing euphoria around Tata Technologies shares, they are advised to maintain trailing stop loss at ₹1299 apiece levels, which must trigger till ₹1290 per share levels. But, for a long-term investor, this is an ideal portfolio stock and one should accumulate on every big dip of 5-7 percent.\”

On the suggestion to those who missed getting Tata Technologies shares via the allotment process, Arun Kejriwal said, \”Fresh entry is not advised in the stock in the current scenario. One should wait for the stock to settle down once the post-listing euphoria ends.\”

\”Given the growth potential in outsourcing, the business model would be in great demand going forward and considering all factors, we recommend allotted investors to book 50 per cent profits over and above ₹1400 and retain rest of the holding for long term considering healthy long term returns post listing and for those investors who failed to get allotments in the public offer can accumulate Tata Technologies on every dips post listing for long term,\” said Mehta Equities expert.

The stock hit a high of ₹1,400 in intra-day deals, a 180 percent premium from its IPO. At 1:05 pm, it was trading at ₹1,338.50, a premium of over 168 percent from issue price.

According to stock market experts, demand for Tata Technologies share price is still intact as it has registered arond 3.3 crore trade volume within an hour of listing on NSE. They said that allottees who have invested in Tata Technologies IPO can book profit and exit whereas a cautious investor can wait for more gains maintaining trailing stop loss at ₹1299 apiece levels that should trigger till ₹1290 levels. But, for those who invested for long term, this is an ideal stock to keep in one\’s portfolio. For those, who missed to get Tata Technologies share via allotment process, they should wait for few sessions and enter once the stock settles after listing euphoria. Read more

\”Tata Technologies, a global leader in engineering services, made its much-anticipated stock market debut today, listing at an impressive blockbuster premium of 173% over its IPO price of ₹500 per share.

The overwhelming response to the IPO was evident in its staggering oversubscription of 69.43 times. This robust investor interest reflects the company\’s strong fundamentals and promising growth prospects and of course the legacy of the Tata group.

The listing of Tata Technologies is a positive development for the company and the engineering services sector. Investors who participated in the IPO should consider holding on to their shares for the long term, as the company is well-positioned for sustained growth,\” said Shivani Nyati, Head of Wealth, Swastika Investmart.

Tata Technologies is a long-term play. At a CMP of ₹1,337, the stock is trading at a P/E multiple of 75.6x, which seems to be in line with the peers. Thus short-term investors are advised to book profit, while long-term investors can remain invested. Long only investors can consider for investment at this level, said Rajnath Yadav, Research Analyst, Choice Broking.

The stock hit a high of ₹1,400 in intra-day deals, a 180 percent premium from its IPO. At 10:45, it was trading at ₹1,317.10, a premium of over 163 percent from issue price.

Tata Tech has become the best listing since November 2021. Apart from this Paras Defence, Chemcon Specialty, Happiest Minds, GR Infra, Route Mobile, Avenue Supermarts and IRCTC has listed at over 100 percent premium.

Tata Group firm Tata Technology made a strong debut on the bourses today, November 30, 2023. The stock listed at ₹1,200 on NSE and BSE, a premium of 140 percent to the issue price of ₹500.

The ₹3,042.51 crore IPO was open for subscription between November 22-24 at a price band in the range of ₹475-500 per share.

Market analysts projected a huge premium on the back of market optimism, which further contributed to the public issue\’s benefits. However, they continue to believe that there could be significant trading activity in the Tata Technologies share price post listing and that it might reach levels of ₹1,000 per share on the listing day itself.

Tata Technologies IPO was entirely an offer for sale (OFS) of 6.09 crore equity shares by the promoter and investors. Promoter Tata Motors will offload 4.62 crore equity shares worth ₹2,313.75 crore in the OFS, while investors Alpha TC Holdings Pte Ltd will sell 97.17 lakh shares and Tata Capital Growth Fund I will offload 48.58 lakh shares in the Tata Technologies IPO.

Tata Technologies is a subsidiary of automobile major Tata Motors and is a pure-play manufacturing-focused Engineering Research & Development (ER&D) company, primarily focused on the automotive industry.

The company\’s listed industry peers are KPIT Technologies Ltd (with a P/E of 80.31), L&T Technology Services Ltd (with a P/E of 37.47), and Tata Elxsi Ltd (with a P/E of 61.55), as per RHP.

The first IPO by the Tata Group in over 19 years was subscribed 69.43 times during November 22-24. It received bids for 312.64 crore equity shares as against 4.5 crore shares on the offer. The portion for qualified institutional bidders (QIBs) was booked the most, 203.41 times.

Meanwhile, the non-institutional investors\’ (NII) category was subscribed to 62.11 times and the retail investors\’ quota was subscribed 16.5 times during the three-day bidding process. Also, the employees portion was bid 3.7 times and the Others category was subscribed 29.20 times.

Market experts on D-Street expect a blockbuster listing and project Tata Technologies shares to list at over 75 percent premium against its issue price of ₹500 per equity share. Tata Technologies IPO was subscribed 69.43 times on its third and the last day of the bidding process. Read More

Speaking on Tata Technologies IPO listing, Prashanth Tapse, Sr. VP — Research at Mehta Equities said, \”Considering overwhelming investors demand along with investors friendly pricing indicating Tata Group legacy to reward shareholders, a strong listing gain over and above 75%+ can be assumed against the issue price of ₹500/- per share. There is a high possibility as per street assumption that Tata Technologies can be a doubler candidate post listing.\”

Since the beginning of the week has been centered on allocation and refunds, three IPOs—Tata Technologies IPO, Gandhar Oil IPO, and Fedbank Financial IPO —are scheduled to list on the exchanges today (Thursday, November 30). Flair Writing IPO listing is scheduled for this Friday, December 1. Read here

Tata Technologies, a global leader in engineering services, is set to make its much-awaited stock market debut. The IPO has received an overwhelming response from investors, oversubscribing by more than 69 times. Tata Technologies boasts a strong track record of growth and profitability. The company\’s global presence and expertise in engineering solutions have positioned it as a preferred partner for multinational corporations across diverse industries. Tata Technologies\’ diversified customer portfolio, robust delivery network, and emphasis on innovation further solidify its competitive advantage. 

With a P/E ratio of 18.2x, the Tata Technologies IPO is priced fairly, reflecting the company\’s strong fundamentals and promising growth prospects. Given the immense investor interest and the company\’s robust capabilities, Tata Technologies is poised for a successful listing on the Indian stock exchanges and it will be interesting to witness this listing, said Shivani Nyati, Head of Wealth, Swastika Investmart Ltd.

According to stock market experts, Tata Technologies IPO received strong response from investors and it is expected to list at strong premium as well. They said that stock market mood is also optimistic and that also fancies and additional benefit for the public issue. They went on to add that Tata Technologies IPO may list at around ₹340 to ₹380 premium, which means an allottee may expect up to 75 per cent listing gain from Tata Technologies IPO. However, they maintained that Tata Technologies share price may witness strong trade volume post-listing and expected Tata Technologies share price to touch ₹1,000 apiece levels on the listing date itself. Read here

Tata Technologies IPO GMP or grey market premium is ₹440 per share. This indicates that Tata Technologies IPO share price were trading at a premium of ₹440 on Wednesday, according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Tata Technologies is ₹940 apiece, which is 88 per cent higher than the IPO price of ₹500.

Market experts on D-Street expect a blockbuster listing tomorrow and project Tata Technologies shares to list at over 75 per cent premium against its issue price of ₹500 per equity share. Tata Technologies IPO was subscribed 69.43 times on its third and the last day of the bidding process.

“Considering overwhelming subscription demand and investor friendly pricing, Tata Technologies could see a strong listing gain of over 75 per cent against the issue price of ₹500 per share,\’\’ said Prashanth Tapse, Research Analyst, Sr VP Research, Mehta Equities. There is a high possibility that Tata Technologies can be a doubler candidate post listing, according to Tapse.

Investors can also check Tata Technologies IPO allotment status on BSE. Visit allotment page on BSE\’s official website- Tata Tech IPO allotment check online – https://www.bseindia.com/investors/appli_check.aspx

Investors can find out if and how many shares they have been given through the basis of allotment. The number of shares allotted can also be seen in the IPO allotment status. Those allotted will receive their shares in their demat accounts.

You can check Tata Technologies IPO allotment status of your application on below link – Tata Tech IPO link- https://linkintime.co.in/MIPO/Ipoallotment.html

Tata Technologies IPO opened for subscription on November 22 and ended on November 24. The ₹3,042.51 crore worth Tata Technologies IPO is entirely an offer for sale (OFS) of 6.09 crore equity shares by the promoter and investors. The OFS comprises up to 60,850,278 shares including sale of up to 46,275,000 shares by promoter Tata Motors Ltd, up to 9,716,853 shares by investor Alpha TC Holdings and up to 4,858,425 Equity Shares by Tata Capital Growth Fund I.